Yesterday's 3 slope change did reflect intraday bottom....That lead to a bear flag, target 066, confirmed by the 3 pk nd top and the drop through the 100MA. Notice also the total "rounded top".
Enough clues?
4th slope change defining bottom. 3 pk nd top, expanding triangle leading to high volatility, Inv H&S with target, price reversing off resistance to become support ( up trend confirmation rule?). Wolfe target.....will we get there?
The 4th slope change onl gave a short lived rally...The Wolfe target was ...almost met...H&S target becomes, eventually, resistance. Note the pullback to resistance as support is lost on the H&S. Tih is a common feature and a good entry point to wait for.
